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Reports & presentations

Financial statements review 2020

Will be published 4 February 2021

Browse all Cargotec’s investor publications in this section. In case you need additional information, please contact Cargotec Investor Relations team.

IR Newsletter

This section contains Cargotec's IR newsletters, mainly published quarterly before the three-week silent period. You can find the most recent letter below.

Pre-silent newsletter Q4/2020

The fourth quarter of 2020 is behind us, and we would like to remind you of some of the quarter's most important events. Cargotec’s Financial Statements review 2020 will be published on Thursday, 4 February 2021, and the silent period will commence on Thursday, 14 January 2021. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2021

Cargotec Corporation will disclose the following financial information in 2021:

  • Financial Statements review 2020, on Thursday, 4 February 2021
  • Interim report January-March 2021, on Wednesday, 28 April 2021
  • Half year financial report January-June 2021, on Wednesday, 28 July 2021
  • Interim report January-September 2021, on Thursday, 28 October 2021

Cargotec's Financial Statements 2020 and Annual Report 2020 will be available at www.cargotec.com on week 8.

The Annual General Meeting of Cargotec Corporation will be held on Tuesday, 23 March 2021.

Orders announced in Q4/2020

Date (and booking quarter) Business area Description Country/ Customer Value
7 January 2021 (Q4/2020) Kalmar 6 hybrid RTGs equipped with a suite of Kalmar SmartPort process automation solutions and a two-year M&S Services agreement for the Kalmar SmartPort software USA/Total Terminals International, LLC EUR 11 million
4 January 2021 (Q4/2020) Kalmar 42 next-generation electric (NGE) straddle carriers USA/Maher Terminals LLC Not disclosed
17 December (Q4/20) Kalmar Approximately 400 terminal tractors Not disclosed Over EUR 30 million
16 November (Q4/20) Kalmar six-year Kalmar Care service agreement covering the supply of maintenance support personnel North Ireland/Belfast Container Terminal Ltd. Not disclosed

All announced orders

Other announcements

On 18 December, Cargotec’s Extraordinary General Meeting resolved to approve the merger of Cargotec and Konecranes and the resolutions relating to the merger proposed to the general meeting. See below for more information about the merger.

On 3 December, we announced that Cargotec the Board of Directors has decided to initiate the actual sales process of Navis. We had earlier announced that we are evaluating the strategic options of Navis, which would include new ownership structures or a potential sale of Navis software business.

Also on 3 December, we announced that the Finnish Financial Supervisory Authority has approved the merger prospectus concerning the combination of Cargotec and Konecranes.

On 28 October, we announced that the Board of Directors has decided to establish a new share-based incentive programme for the Group key employees. The new Restricted Share Unit Programme 2020 is intended to function as a bridge programme for the transition period before the closing of the Transaction and forming the combined company in the merger.

On 9 October, we announced that the judicial process concerning Cargotec has been completed in the US. The claim was based on Cargotec allegedly having breached confidentiality obligations related to the negotiations. On 2 October 2020, the Supreme Court of Texas denied Cargotec’s opponent’s Petition for Review.

On 1 October, we announced that Cargotec's and Konecranes' respective Boards of Directors had signed a combination agreement and a merger plan to combine the two companies through a merger. More information about the merger.

Read about our strategy progress in 2020

Our current strategy period runs until end-2021. We have made good progress in services, digitalisation and productivity. The importance of sustainability continues to increase. Read about how our strategy progressed during 2020. Watch a video about the strategy progress in 2020.

Analyst calls held during Q4

On 8 December, we held a virtual sell side analyst call. In the call, Cargotec's CEO Mika Vehviläinen discussed Cargotec's and Konecranes' 1 October announcement and answered the participants' questions, among others.

Analyst call presentation (EGM material)

Investor activities and events during Q4 2020

During Q4, our investor meetings have been virtual meetings where we have convened online and shared material virtually. Even though we miss meeting you in person and having informal discussions on the road, according to your feedback and participation the virtual meetings have worked well, and we thank you for your support and cooperation.

While the coronavirus situation prevails, we continue with high safety standards, following the regulatory travel and social restrictions.

Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.

Have a look at our videos

We created several videos during the quarter, and focused particularly on MacGregor.

  • Have a look at how MacGregor's TTS integration process has proceeded and what are its main learnings.
  • MacGregor has been investing in applying its offshore technology knowledge into enabling the progression of renewable energy. See the video about the progress.
  • Another offshore wind business video can be found here: our IR Director Aki Vesikallio interviews MacGregor's Jane Chen and Leif Byström.
  • Have a look at the strategy progress video which was also created during the quarter.

Take a look at these contents on our website

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

Consensus

Take a look at the latest Vara consensus estimates.

Q3/20 pre-silent newsletter

The third quarter of 2020 is soon ending, and we would like to remind you of some of the quarter's most important events. Cargotec’s January–September 2020 interim report will be published on Thursday, 22 October 2020, and the silent period will commence on Thursday, 1 October 2020. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2020

Cargotec Corporation will disclose the following financial information in 2020:

  • Interim report January-September 2020, on Thursday, 22 October 2020

Orders announced in Q3/2020

Date (and booking quarter) Business area Description Country/ Customer Value
14 September (Q3/2020) MacGregor two new orders, one for two RoPAX ferries and another for a group of linkspans Asia (RoPAX), Scandinavia (linkspans) EUR 13 million
3 September (Q3/2020) Kalmar Three Kalmar rubber-tyred gantry (RTG) cranes Morocco/Marsa Maroc Not disclosed
1 September (Q3/20) Kalmar 20 Kalmar Hybrid Shuttle Carriers USA/The Port of Virginia Not disclosed
28 August (Q3/20) Kalmar Four SmartPower Rubber-Tyred Gantry (RTG) Cranes Cambodia/Phnom Penh Autonomous Port (PPAP) Not disclosed
27 August (Q3/20) MacGregor A significant order, the largest single vessel contract secured to date by MacGregor, for delivery of the mission-critical system to be installed on the OHT offshore wind foundation installation vessel, Alfa Lift OHT Not disclosed
13 August (Q3/20) MacGregor Two orders to provide full hardware supply including ramps and lifting platforms for two RoPax vessels and two material supply vessels Japan EUR 18 million
23 July (Q3/20) Kalmar Two Zero Emission rubber-tyred gantry cranes (RTGs) and Kalmar SmartPort solutions (part of Kalmar One automation system) Turkey/Safi Derince International Port Not disclosed

All announced orders

Other announcements

On 1 October, we announced that Cargotec's and Konecranes's respective Boards of Directors have on that day signed a combination agreement and a merger plan to combine the two companies through a merger.

Also on 1 October, we announced that Cargotec has decided to continue to evaluate strategic alternatives for its Navis business to identify the best options to support future development of Navis.

On 15 September, we announced that our third quarter 2020 would be better than expected. We estimate that orders received and comparable operating profit are to increase compared to the second quarter 2020.

On 25 August, we announced that Cargotec's Board of Directors has decided on the second instalment of the dividend based on the authorisation granted to the Board by the Annual General Meeting. The second instalment of the dividend distribution is a dividend of EUR 0.60 for each of class A shares and a dividend of EUR 0.60 for each of class B shares outstanding. The second instalment payment date was 3 September 2020.

Let's talk about climate

Cargotec has set ambitious science-based greenhouse gas emission reduction targets to address the impacts of both its own operations and the chain. In May, we announced our commitment to the United Nations Global Compact’s Business Ambition for 1.5°C to pursue science-based measures to limit global temperature rise to 1.5°C. In August, the targets were approved by the Science Based Targets initiative.

Analyst calls held during Q3

On 15 September, we held a virtual analyst call with 15 analysts participating over the web. In the call, Cargotec's CEO Mika Vehviläinen discussed Cargotec's 15 September announcement, business development and financial position, and answered the participants' questions, among others.

Sell-side analyst call presentation

Investor activities and events during Q3 2020

During the Q3, our investor meetings have been virtual meetings where we have convened online and shared material virtually. Even though we miss meeting you in person and having informal discussions on the road, according to your feedback and participation the virtual meetings have worked well, and we thank you for your support and cooperation.

While the coronavirus situation prevails, we continue with high safety standards, following the regulatory travel and social restrictions. Depending on the development of pandemia and safety requirements in Q4, we can also consider opportunities to host even face-to-face meetings in Helsinki, Finland.

Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.

Take a look at these contents on our website

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

Consensus

Take a look at the latest Vara consensus estimates.

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